How have UK VAT increases, seasonality, Omicron, and rising energy prices impacted rate volatility?
Q1 has been a period of price increases. Multiple variables have aligned to create very strong upward hotel rate pressure which we have seen in forward pricing and subsequently flow through to materialised. However, from where we stand currently the future picture is probably tinged with some uncertainty.
This report includes:
- Price projections in locations throughout the UK, focusing on workforce hotels
- Assessment on the impact of inflation on rates
- Recommendations on how to handle these price fluctuations
- Commentary from leaders within Roomex